TwinFields Capital Management, a newly-launched hedge fund based in Connecticut, is installing SunGard Trading and Risk Systems' portfolio and risk management software, Panorama.
SunGard says the Panorama platform will provide the firm with a real-time portfolio management and risk system that can support a multi-strategy, cross-asset and multi-currency trading environment.
TwinFields will use Panorama to support a variety of OTC and exchange traded products. The system will deliver desk-level risk analytics, sensitivities,
scenario analysis and stress tests, along with simulation-based value-at-risk across the enterprise. Traders will be able to access real-time portfolio information, such as P&L and sensitivities. The system will also allow risk managers to monitor risk parameters in real-time.
Joseph Niciforo, chairman of TwinFields, was a partner and managing director for fixed income at Tudor Investment Corp, one of world's largest hedge funds and a strategic partner and investor in TwinFields. He says the firm selected Panorama "because of its ability to readily support our planned growth in terms of assets under management, diversified trading activity and expansion into other regions".
Niciforo says the ability to implement the platform in-house was also important.
Steve Husk, president of SunGard's Trading and Risk operating unit, comments: "New hedge funds are recognising the value of implementing a robust and scaleable portfolio and risk management infrastructure as early as possible, in order to help them to manage the growth of their business and attract institutional investment."